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Bitcoin Eyes Longest Daily Winning Streak in 3 Months
Source: CryptoNewsNet Original Title: Bitcoin eyes longest daily winning streak in 3 months Original Link: Bitcoin climbed over 1% during Monday’s Asian trading session, positioning itself for a five-day winning streak, the longest since early October.
The leading cryptocurrency by market value jumped from roughly $91,480 to $92,500. At one point, prices topped $93,000. Major alternative cryptocurrencies such as XRP, Solana, and Ethereum jumped 0.7% to 1%. Broader market indexes rose 1.5%, pointing to a bullish market sentiment.
“Market sentiment is improving, with both Bitcoin and Ethereum transitioning into bullish trend regimes,” said a leading crypto analyst.
“We turned constructive following the late-December options expiry, anticipating that tax-loss selling would subside and that trading desks would regain flexibility to deploy risk into the new year.”